New Delhi, July 22 -- Shares of 360 ONE WAM declined as much as 5 percent in intra-day trading on Tuesday, July 22, following reports that BC Asia Investments X Ltd is looking to divest a sizeable stake in the company through a block deal. The wealth and asset management firm's stock fell to a low of Rs.1,159.15, reacting to news of the proposed transaction.

According to reports, BC Asia Investments X Ltd is planning to offload around 1.5 crore shares, representing a 3.7 percent stake in 360 ONE WAM. The deal is reportedly valued at approximately Rs.1,740 crore, with a floor price set at Rs.1,160 per share-nearly 5 percent below Monday's closing price of Rs.1,221.20. J.P. Morgan is believed to be managing the block deal.

Following the s...